(VR-AR.Review) InstaVR Inc, a virtual reality (VR) authoring, publishing, and analysis company, announced it has closed a Series B funding round, which will help further its mission of empowering enterprise businesses to create VR applications. The company received $5 million in additional capital, bringing its total funding to date to $7.2 million. New participants in the funding round are YJ Capital, ITOCHU Technology Ventures, and Mizuho Capital Partners, who join follow-on investors GREE Ventures, COLOPL NEXT, and The Venture Reality Fund (The VR Fund).
Daniel H. Haga, Founder of InstaVR, said: “As VR has gained more widespread adoption, companies are seeing the value of utilizing the technology for creating impactful and memorable immersive experiences, such as new employee onboarding and ongoing training. This round of funding helps InstaVR accelerate our plans to empower major corporations and organizations to more fully realize the benefits of VR.”